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>> been actually better under obama. in fact, millionaires are better off today than they were four years ago or at least there are more of them a study from wealth insight showed that the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires, the market rebounded in 2009 and 2010 gave us all those new millionaires, so, millionaires have done well under obama but as one of my readers wrote to me, brian, bernanke did more to create millionaires than barack obama. >> pretty much like dropping those million dollar -- >> it has. >> dollars from the sky, right? >> in order to take advantage of
>> been actually better under obama. in fact, millionaires are better off today than they were four years ago or at least there are more of them a study from wealth insight showed that the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his...
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Nov 6, 2012
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i get the obama plan. i don't personally get either plan. >> that was a disappointment for everyone. the interviews were not economic-based. any interview we saw. all right. thanks, everybody. obviously this market is not focused on europe today. we're talking about the election in the u.s. all day. we are talking about the work beginning after we get this clarity. >> as we head toward the close, about 52 minutes left. here the dow jones industrial average off the lows. gain now, 141. >> stick around. we've got a lot more ahead on this special election day edition of the "closing bell." >>> coming up on this special election day edition of the "closing bell," up for grabs. the very latest news from the battleground states that could decide the presidential race. >>> and our own larry kudlow weighs in on which states he's watching most closely. >>> plus, money matters. the former wells fargo ceo talks the election's impact on wall street and what it could mean for your bottom line. >>> and your money, your
i get the obama plan. i don't personally get either plan. >> that was a disappointment for everyone. the interviews were not economic-based. any interview we saw. all right. thanks, everybody. obviously this market is not focused on europe today. we're talking about the election in the u.s. all day. we are talking about the work beginning after we get this clarity. >> as we head toward the close, about 52 minutes left. here the dow jones industrial average off the lows. gain now,...
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Nov 6, 2012
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the reason michael bloomberg endorsed obama is because he thinks obama will do more to prevent climate change. and there lies the difference between the two men and what would change if obama is defeated tomorrow. you see, romney doesn't talk about renewables as much as he talks about the need to become energy self-sufficient in north america by producing and using more fossil fuels. he knows how irrelevant renewables really are to self-sufficiency within our lifetime. i bet you offline he thinks it's a cynical gambit. a romney administration will immediately give the boot to the anti fossil fuel ideologues in the epa, which will make so it that we don't need to commit to making coal plants 100% free. that's why you should buy peabody, arch and aep real fast. if you actually think that romney is going to win. then you can expect that we'll immediately exploit federal lands for more drilling, which is a reason to buy halliburton and schlumberger. it won't mean as much to them. the natural gas stocks, i think they'll actually rally quickly under the perception that romney will go less so
the reason michael bloomberg endorsed obama is because he thinks obama will do more to prevent climate change. and there lies the difference between the two men and what would change if obama is defeated tomorrow. you see, romney doesn't talk about renewables as much as he talks about the need to become energy self-sufficient in north america by producing and using more fossil fuels. he knows how irrelevant renewables really are to self-sufficiency within our lifetime. i bet you offline he...
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Nov 6, 2012
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president obama has not done that. we have been kicking the can down the road on taxes, regulation, uncertainty on health care expenses and so i think with a romney administration what you will end up with is a solid four-year plan where american businesses can get back to doing what they do well which is allocating capital based on what they know costs to be. that's been the big problem in the last four years. unknowable costs lead to labor uncertainty. that's why we don't have the job growth. >> i want to read you something alan greenspan said. we are trying to do this -- solving the deficit problem and also the fiscal cliff -- without pain. there is no credible scenario in which that happens. you can put spending, entitlements, revenues, all of it on the table under that umbrella. are we going to get a deal on that? >> we have to. chairman greenspan is reflecting what a majority of the country feels about the inaction and some say incompetence in washington on that matter. anthony talked about the longer term deal t
president obama has not done that. we have been kicking the can down the road on taxes, regulation, uncertainty on health care expenses and so i think with a romney administration what you will end up with is a solid four-year plan where american businesses can get back to doing what they do well which is allocating capital based on what they know costs to be. that's been the big problem in the last four years. unknowable costs lead to labor uncertainty. that's why we don't have the job growth....
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Nov 6, 2012
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the biggest thing is whether or not it is obama or romney h the market believes an obama victory is positive to bonds, from an economic standpoint, the mark it's opinion, not mine necessarily, well it is actually, but they are saying that it will be a hire regulatory environment and tax environment for corporations and a little bit of a slower recovery, therefore, you need the safety of bonds a little bit more a romney win would be the opposite. i think that's bigger factor than supply, although supply always has that kind of a constant weighing effect. >> right. right. all right, jim, thank you so much. appreciate it. >> thank you, sue. >> see you soon. >>> in the next hour, obama stocks versus romney stocks. we are going to check our exclusive cnbc port foal grows see hot market's banking on and whether you should, too. we will be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wa
the biggest thing is whether or not it is obama or romney h the market believes an obama victory is positive to bonds, from an economic standpoint, the mark it's opinion, not mine necessarily, well it is actually, but they are saying that it will be a hire regulatory environment and tax environment for corporations and a little bit of a slower recovery, therefore, you need the safety of bonds a little bit more a romney win would be the opposite. i think that's bigger factor than supply,...
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Nov 6, 2012
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look at president obama. he has a one percentage point decline in unemployment rate in 12 months prior and we don't know what will happen. if you just get question marks in, we wait to see what margin plus or minus of his victory. we did a poll and asked people who are unemployed how are you going to vote in the election. let's look at the overall vote which comes from nbc/"wall street journal." likely voters, a split electorate. you would think unemployed would break in favor of the challenger. doesn't happen. 48-48 among those who have been unemployed in the last four years or someone in the household has been unemployed. if only someone in the household, they break 51-48. if he are unemployed they break by five percentage points in favor of obama. that's the national level. what about the state level? again, it's a confused picture. first you look at this map. darker is worse for unemployment. what's dark? new york is dark. in higher third of unemployment. what else is dark? california is dark. these are s
look at president obama. he has a one percentage point decline in unemployment rate in 12 months prior and we don't know what will happen. if you just get question marks in, we wait to see what margin plus or minus of his victory. we did a poll and asked people who are unemployed how are you going to vote in the election. let's look at the overall vote which comes from nbc/"wall street journal." likely voters, a split electorate. you would think unemployed would break in favor of the...
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Nov 6, 2012
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are markets right to believe an obama win? >> there are several factors obviously the past week with hurricane sandy has galvanized several voters in the way the president handled the crisis. it's really motivated many democrats and independents to really come out and rejuvenate sort of the vote. and i think -- i don't know if i'd put it as high as nate silver, but do i think that it bodes well for the president today. >> how important is the turnout, how much do you think the weather has had on hurricane sandy? >> turnout is always key. we can project -- we have been projecting these things and debating them for the past few months, but it all boys down to today. and i think that the situations of the united states especially in the northeast corridor are definitely voted to do so. granted there will be some individuals who just won't be able to because they aren't in their district, they no longer have homes and they're dealing with much larger issues. but i think those that are able to vote will definitely come out and vote
are markets right to believe an obama win? >> there are several factors obviously the past week with hurricane sandy has galvanized several voters in the way the president handled the crisis. it's really motivated many democrats and independents to really come out and rejuvenate sort of the vote. and i think -- i don't know if i'd put it as high as nate silver, but do i think that it bodes well for the president today. >> how important is the turnout, how much do you think the...
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Nov 6, 2012
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, and i didn't come on here just to promote obama versus romney, i think obama has put in obama care affordable care act, i think there are many features that protect small businesses, if you're under 50 employees, you're under 25 employees, you really are pretty much removed from all of the problems. >> that might make you want to keep it at 49 employees. might make you hesitant to go above that and add jobs if it means you're now all of a sudden -- >> one of the advantages, i was talking to our companies yesterday, one of the best parts is he hires a lot of young people and now all the people who are under 25 that he's hired, of which most of them are, are all staying with their parents. >> so you see people, just on a couple days ago, companies that used to do full time are now going to part-time because they don't want to do health care for full time so they switch the business model to favor part-time. >> you know, honestly, i would say that may be true for a lot of the larger companies. i see so many small businesses, i was out in california yesterday, i must have met in four d
, and i didn't come on here just to promote obama versus romney, i think obama has put in obama care affordable care act, i think there are many features that protect small businesses, if you're under 50 employees, you're under 25 employees, you really are pretty much removed from all of the problems. >> that might make you want to keep it at 49 employees. might make you hesitant to go above that and add jobs if it means you're now all of a sudden -- >> one of the advantages, i was...